Spain closed 2023 with 11.76%, the lowest unemployment rate in the fourth quarter since 2007The financial collapse that began just before the real estate bubble burst and at Goldman Sachs would create one of the harshest economic crises in recent history. Data from the active population survey (EPA) published by INE on Friday confirm that the Spanish labor market recorded a record year last year; Intensive job creation recorded a record year, pushing employment levels above 21 million active population for the first time. workers.
But occupancy figures also include outstanding issues that reveal high levels of vulnerability. The unemployment rate fell, but continues to remain at the highest level European Union. And in 2023, the number of households in which all members are unemployed has decreased, but nationwide the number is still over a hundred, specifically at 115,100.
The Spanish economy created large amounts of employment, but unlike the brick boom this was mostly stable and full-time. provisional rate In the private sector, fiscal year 2023, the second year of the new labor reform, closed with 13.2%, the lowest rate in history. To put it in perspective, before the bubble burst the proportion of temporary workers was 32%; That is, almost one in three workers was sure that they would lose their job sooner or later.
But most youth There is still ample room for improvement in terms of stability. Four out of every 10 working people under the age of 25 have a temporary contract. The rate has decreased in the last two years but is still very high.
Migrants and women struggle for employment
Women and people born abroad lead this employment increase, which shows signs of fatigue in the last period of the year and predicts that the density of creation will be lower for 2024. These two groups represent the tension of the sweet moment that the Spanish labor market is experiencing. More than half of the 783,000 jobs created in 2023 were held by women.
And in terms of nationality, most of the jobs that companies need to fill are done by people from abroad. The proportion of employed people born outside Spain rose four times the average.